Crypto Stocks Fall, Coinbase Stock Drops 4%
Tiger Newspress04-29
Crypto stocks fall in morning trading. Bitcoin price fell on Monday as sentiment towards cryptocurrencies remained dour in the face of higher-for-longer U.S. interest rates, while changes to collateral rules by the DTCC also presented some headwinds for crypto.
Bitcoin fell 2.5% over the past 24 hours to $62,314.6 by 01:37 ET (05:37 GMT). The token was now trending closer to the lower end of a $60,000 to $70,000 trading range established since mid-March.
Marathon Digital down 6%; Riot Platforms dropped 6%; Coinbase dropped 4%; MicroStrategy dropped 2%.
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